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China Morning Snapshot – 29 May 2025
29 May 2025 A firming crude oil market lent some support to sentiment, helping to slow the recent downward momentum.
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28 May 2025

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Shenhua Auction: PP traded firmly while LLDPE lagged behind

The latest auction session at Shenhua closed on a cautiously positive note for homo-PP grades, which saw a noticeable uptick in buying interest relative to the previous round.
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28 May 2025

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Shandong Yulong Auction: Discounted offers spurred modest buying, but market pessimism persisted

While the overall conversion rate on the Shandong Yulong Auction platform improved marginally compared to the previous session, a closer examination by product grade reveals a more nuanced picture.
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28 May 2025

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China Morning Snapshot – 28 May 2025

Domestic producers continue to closely track pricing cues from the Dalian Commodity Exchange. Homo-PP prices were largely unchanged, while LLDPE spot offers were reduced
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27 May 2025

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Shenhua Auction: Market extended losses mmid deepening pessimism

Despite Shenhua’s deliberate move to position auction prices below the psychological CNY 7,000/ton mark—an effort to entice buyers—the response was notably muted.
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27 May 2025

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Shandong Yulong Auction: Price cuts fail to revive market participation

Despite applying mandatory distributorship qualifications, the Shandong Yulong Auction Platform could not sidestep the prevailing bearish sentiment across the Chinese petrochemical market.
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27 May 2025

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Malaysian PP, PE market falls for second consecutive month amid weak demand and currency gains

Despite the reductions, buyer response remained muted, with expectations mounting that further declines may be on the horizon given ongoing macroeconomic uncertainties.
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27 May 2025

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Dalian Commodity Exchange: 27 May 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 27 May 2025 settled as follows:
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